Netflix is losing “Friends” and its movies and series made by Disney

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Written by Diji Teves

Published: 18 October 2018

Image Source: chroniclelive.co.uk

Netflix, the subscription-based service that streams movies and TV shows, is in the verge of losing a few of its popular franchises. Just nine months after it acquired all ten seasons of the 90’s hit sitcom “Friends”, Netflix could lose the beloved show from its site as Warner Bros. Television is planning to launch their own streaming service. That means that other movies and shows owned by Warner, like the classic Stanley Kubrick movies and DC series like “Gotham” and “The Flash”, will all be erased from Netflix then transferred to Warner Media’s own streaming service which could be launched soon probably by 2019.

Meanwhile, Disney also announced their plan of having their own video on demand streaming service that is rumored to be called Disney Play. It is also rumored that Disney’s site could launch by next year also, taking away their media products from Netflix. Disney owns movies like “Moana” and “Tarzan”, as well as Pixar and Marvel Studios movies such as “Toy Story” and “Thor”. When Disney Play launches, it could be Netflix’ main competition.

However, Netflix themselves don’t appear to be too worried. Their Chief Content Officer, Ted Sarandos, said some of their most popular shows are Netflix Originals.

“We’ve been a pretty dependable buyer. Increasingly, some of those sellers have become complicated sellers, meaning there are conflicts within their own companies about what they want to sell and when they want to sell…some of our biggest brands, like ‘Stranger Things’ are owned and produced in-house, but we are still licensing a lot of content.